Bank of Montreal Can Reduces Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Bank of Montreal Can lowered its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 20.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,225 shares of the company’s stock after selling 309 shares during the quarter. Bank of Montreal Can’s holdings in Fidelity MSCI Information Technology Index ETF were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTEC. Envestnet Asset Management Inc. boosted its position in Fidelity MSCI Information Technology Index ETF by 23.9% during the second quarter. Envestnet Asset Management Inc. now owns 659,540 shares of the company’s stock worth $130,074,000 after purchasing an additional 127,232 shares during the period. SteelPeak Wealth LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at approximately $14,173,000. Independence Financial Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the first quarter valued at approximately $9,858,000. Assetmark Inc. lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 7,740.8% during the 2nd quarter. Assetmark Inc. now owns 51,514 shares of the company’s stock valued at $10,160,000 after buying an additional 50,857 shares in the last quarter. Finally, CacheTech Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter worth approximately $6,532,000.

Fidelity MSCI Information Technology Index ETF Trading Down 2.9%

Fidelity MSCI Information Technology Index ETF stock opened at $213.43 on Friday. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. The firm has a 50 day simple moving average of $225.17 and a 200 day simple moving average of $205.82. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $240.25.

About Fidelity MSCI Information Technology Index ETF

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.